Gj Nice Short Opportunity
My analysis for GJ.
We Saw a Peak formation form Last week after 3 levels of rise. We saw a move up that failed to break the Peak formation high, so I belive we are currently in Level 2 in the bearish cycle.
I think we will see a nice drop down to at least the 132.50 area before seeing any significant rise. Once we get down to that level I will be looking for possible entries to go long, depending on what happens at that level.
We Saw a Peak formation form Last week after 3 levels of rise. We saw a move up that failed to break the Peak formation high, so I belive we are currently in Level 2 in the bearish cycle.
I think we will see a nice drop down to at least the 132.50 area before seeing any significant rise. Once we get down to that level I will be looking for possible entries to go long, depending on what happens at that level.
Note
We are now Over a hundred pips in profit. I will now be moving my stops to break even.Trade active
I re entered yesterday 142.95. We should see a huge drop over the coming days/weeks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.